Taiwan-Asia Semiconductor Valuation
Is 2340 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 2340 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2340 (NT$30.45) is trading above our estimate of fair value (NT$5.12)
Significantly Below Fair Value: 2340 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2340?
Key metric: As 2340 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 2340's PS Ratio? | |
|---|---|
| PS Ratio | 3.2x |
| Sales | NT$4.20b |
| Market Cap | NT$13.33b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.7x |
| Enterprise Value/EBITDA | 63.8x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 2340's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10x | ||
8261 Advanced Power Electronics | 3.9x | 13.8% | NT$11.1b |
8131 Formosa Advanced Technologies | 1.5x | n/a | NT$12.7b |
6138 Anpec Electronics | 2.1x | n/a | NT$12.7b |
3228 RDC Semiconductor | 32.4x | n/a | NT$14.0b |
2340 Taiwan-Asia Semiconductor | 3.2x | n/a | NT$13.3b |
Price-To-Sales vs Peers: 2340 is good value based on its Price-To-Sales Ratio (3.2x) compared to the peer average (10x).
Price to Sales Ratio vs Industry
How does 2340's PS Ratio compare vs other companies in the TW Semiconductor Industry?
Price-To-Sales vs Industry: 2340 is good value based on its Price-To-Sales Ratio (3.2x) compared to the TW Semiconductor industry average (3.4x).
Price to Sales Ratio vs Fair Ratio
What is 2340's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 3.2x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2340's Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 01:25 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Taiwan-Asia Semiconductor Corporation is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ying Zhang Leu | Barclays |
| Ssu-Han Fu | Jih Sun Securities Investment Consulting Co., Ltd. |
| Jeffrey Su | Macquarie Research |